Question: Last year Aldrin Co. had negative cash flow from operation, yet its cash on the balance sheet increased. What could explain these events? Select one:

Last year Aldrin Co. had negative cash flow from operation, yet its cash on the balance sheet increased. What could explain these events?

Select one:

a. The company eliminated its dividend.

b. The company repaid some of it's long-term debt.

c. The company had high depreciation expenses.

d. The company made a large investment in new plant and equipment.

e. The company repurchased some of its common stock.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!